Originally Posted by
goamules
Just so you know, perhaps because of people being busy with Christmas, my auction didn't reach the reserve. It did have a lot of bidders, and topped out about half way to my $500 reserve. With no reserve, I would have sold the lens for half the going rate. So you know, several have sold for over $500 in the past period. Mine is in similar or better condition.
So you can talk about how bad Reserves are from a buyer perspective, but when I go to sell an expensive, obscure item, I don't like being a lottery sponsor for someone to scoop up my item for less than I paid for it. If I was selling a highly known item, I use no reserve.
After Christmas, I'll relist it and try the other tactic for argument's sake: start the bid price at $499, no reserve. I'm sure either way, at the right market timing, it will sell for what it's worth.
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